DRIFT 24-hour volatility at 59.3%: Surging trading volume drives dramatic rebound and fluctuations
Bitget Pulse2026/04/13 12:35Volatility Overview
DRIFT rebounded from a 24-hour low of $0.0334 to a high of $0.0532, currently quoted at $0.0415, with a price swing amplitude of 59.3%. The 24-hour trading volume is approximately $20.93 million (CoinGecko data), with $DRIFT token trading volume reaching $22.36 million (DefiLlama data), significantly larger than usual.
Brief Analysis of Abnormal Fluctuations
- The 24-hour trading volume surged by more than $20 million, relative volume (RVOL) reached 22.2 times, accompanied by price increases of 4.7%-17.7%, triggering a liquidity sweep and breakout on the buy side.
- The platform's perp trading data feed was interrupted (24-hour perp volume is 0), potentially exacerbating market uncertainty, but TVL remains at $232.4 million.
Market View and Outlook
The prevailing sentiment among community traders is bullish, viewing the current situation as a “+4.8% breakout” and “strong momentum.” It is recommended to wait for a retracement to the $0.0377-$0.0389 area to confirm the bullish trend, but warnings are issued about profit-taking risks and a potential pullback below $0.0336; failure to hold could shift to a bearish outlook.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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